Daily Sun - Senate President Bukola Saraki yesterday told the Code of Conduct Tribunal (CCT) that he had no reason to steal or embezzle public money as he was already richer than Kwara State before he became governor in 2003.

He put his worth as at September 2003 at over N4 billion, $22 million, £12 million and 2.6 Euros in cash, movable and landed assets.

Paul Erokoro, one of his counsel made the revelation while cross-examining Michael Wetkas, a detective of the Economic and Financial Crimes Commission (EFCC).

However, Erokoro’s statement elicited the rebuke of Rotimi Jacobs, counsel to the Federal Government who said that being rich does not stop a thief from stealing.

Saraki is facing a 16-count charge bordering on alleged false asset declaration and money laundering, which he pleaded not guilty.

To demonstrate his affluence, Saraki through his counsel referred the tribunal to his assets declaration forms submitted to the Code of Conduct Bureau and dated September 16, 2003.

The document read out in the tribunal by the prosecution witness, Wetkas revealed that the Senate president had 13 exotic cars valued at N263.400 million before he became governor of Kwara State.

They include Mercedes G.500 bullet proof valued at N45 million; Mercedes S500 worth N30 million; Lexus Jeep bullet proof valued at N30 million; Mercedes S320 valued at N16 million; Mercedes S500 valued at N20 million; Mercedes G500 worth N6 million; Mercedes V.220 costing N2 million; Rally 456GT (N25 million) and Navigator worth N15 million.

Others are Mercedes MM240 valued at N8.5 million; Peugeot 406 at N2.9 million; Mercedes CLK320 valued at N9 million and Mercedes E320 valued at N11 million.

In the area of landed property, the document showed that Saraki is worth N2 billion.

Meanwhile, the Senate President alleged that his assets declaration form submitted in 2003 has been doctored.

He submitted that the refusal of the EFCC operatives and the Code of Conduct of Conduct Bureau (CCB) to invite and relate with him on the form was because of the fear that he would challenge an insertions made on the form.

But the EFCC witness, who was being cross-examined by Saraki’s counsel denied the allegation, saying the form was filled and signed by Saraki before a competent Judge.

When the witness was asked if he was aware that the assets declaration form submitted by the Defendant in 2003 was tampered with since it contained some entries of properties that were not put on sale by the Federal Government until 2006, Mr. Wetkas said: “As far as I concerned, exhibit one was signed by the defendant himself on September 16, 2003.”

He insisted that Saraki made anticipatory asset declaration. “Based on the strength of the documents we have tendered, I agree that the defendant made an anticipatory asset declaration until proven otherwise.’’ He, however, said that property No. 15, Macdonald Street Ikoyi, Lagos, was sold to Saraki’s company Skyview Properties Limited which was not captured in his Asset Declaration Form.

He further testified that Saraki bought property No. 15A and 15B Macdonald Street Ikoyi, Lagos, in 2000 through his company, Tiny Tee Limited, a purchase he said violated the rules of the implementation committee on the sale of Federal Government property which suggested one person per one property.

When asked why he did not confront the Senate President with it, he said he did not have any interaction with Saraki but the document was one he could believe because it was signed before a competent Judge.

The tribunal Chairman, Justice Danladi Umar, adjourned further proceeding till May 11.


  1. Shame on Saraki if he was richer than his state before becoming a governor. If so, then his state should have been delivered from an abject poverty during his tenure through the wealth of experience he used to acquire the wealth if not by stealing or at least leaving a long lasting legacy that will mark the level at which he reduced unemployment during his era.
    He cannot point at numbers of lives he had affected through job creation or industrialization or diversification of the economy in his state. Rather, we can only count his achievements by becoming a senate president, having several cars worth above 500 million naira, different landed properties etc. These are our leaders, our law makers. What law will someone like him or his categories make that will not be for their selfish interest. A cartel in the palace, what do you expect.
    Mind you, I'm not against being wealthy. My point is... of what purpose is their affluence?
    I know of an eminent man of this country from a particular state who worth several billions of naira and he has been touching lives and still touching several families from different tribes of the country by creating job opportunities for them. Yet this man has been riding one same car for the past one year i have been seeing him.
    Saraki listed more than 15 cars worth above 500 million before becoming a governor. Who knows how many he would have had after becoming a two term (8years)governor, two term senators and now senate president at his third term. He must have had mansions in the sky.

    The same goes for many of them that we voted as honourables, senators and governors. By their fruits we know them. They are all the pilots of this nation today. I hope and pray they will not crash this country before landing to the nearest future.

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